Five Pillars of Skycoin

The Skycoin project is a hermetically contained software/application platform, that operates in parallel to and on top of but independently of the existing internet.

The five pillars of the Skycoin project are:

(1) Skycoin, a coin that is better than Bitcoin in every way technically:

• Transactions faster than credit card instead of an hour.
• Unlimited transaction rate.
• No need for miners and block rewards.
• Low power usage.
• All the problems in the cryptography are fixed (e.g. signature malleability).
• A consensus mechanism superior to anything that exists (Obelisk).

(2) Skywire, a mesh network, where you can get coins for forwarding traffic/bandwidth. This is a similar to Tor or BitTorrent, except that you will be paid to run node.

(3) Fiber, a platform that is our version of Ethereum’s ERC20, but is better:

• We give every coin their own blockchain and the platform runs on top of the Skywire infrastructure, and we get a fee from that.
• We have a programming language (CX), not “smart contracts” (which we think is total bullshit).
• We let the developers of each chain hardcode whatever they want to do.

(4) An ecosystem of apps being built on top of the previous three things.

• Sky-messenger
• Distributed social media (BBS)) which is sort of like Steemit, but on our infrastructure and platform.
• File-sharing/dropbox type functionality

(5) Our own hardware platform.